Re: store clerk tricked into opening card

I'm curious. If OP closes and inquiry stays then won't it look like he was denied credit to creditors pulling his credit later? Since he already took the HP, why would it not be better to accept the account and just SD the card? I know AAofA might be less, but utilization would be lower, right? I' m still new here so just trying to get it all straight in my mind.

Re: store clerk tricked into opening card

panda21 wrote:

I need advice. I was recently shopping around for engagement rings, and went into a Zales. I was asked by a clerk there if they could run my credit to see what I was eligable for. I said sure but insisted that I did NOT want to open a card. Well, a few days later I get the new card in the mail. Can I have this voided due to the fact that the opening of the card was fraudulent? I do not want this to hurt my credit score, and it is very important that I can have credit available soon. It is just infuriating! Thanks for any help.

Wow that sucks. I don't know the answer to your question but it does look like it was already answered. I do want to say, however, that most retail people work on commission and/or get some sort of incentive if they can get people to app for store cards.

In any sales environment, the chance for less than honest sales ppl rises. If no means no, then just say no.

Re: store clerk tricked into opening card

martinkk wrote:

I'm curious. If OP closes and inquiry stays then won't it look like he was denied credit to creditors pulling his credit later? Since he already took the HP, why would it not be better to accept the account and just SD the card? I know AAofA might be less, but utilization would be lower, right? I' m still new here so just trying to get it all straight in my mind.

I would say possibly keep it since he's lookin to buy a ring soon from what I understand and depending on the credit limit

Re: store clerk tricked into opening card

martinkk wrote:

I'm curious. If OP closes and inquiry stays then won't it look like he was denied credit to creditors pulling his credit later? Since he already took the HP, why would it not be better to accept the account and just SD the card? I know AAofA might be less, but utilization would be lower, right? I' m still new here so just trying to get it all straight in my mind.

Re: store clerk tricked into opening card

daybreakgonesXe wrote:

panda21 wrote:

Well, I noticed that a paper that came with the card says that they can't begin sharing my information until 30 days has passed. Does that mean that I can cancel the card within those 30 days without penalty to my credit score?

Yes indeed! Well, that means they won't report the account to the credit bureau, so it'll be like it never happened, sans the hard pull. You won't be able to get rid of that.

That is not how I would read into that. I would think that means they won't share information to their partners for promotional offer purposes/ marketing. I cannot imagine the credit card will not report.

Re: store clerk tricked into opening card

martinkk wrote:

I'm curious. If OP closes and inquiry stays then won't it look like he was denied credit to creditors pulling his credit later? Since he already took the HP, why would it not be better to accept the account and just SD the card? I know AAofA might be less, but utilization would be lower, right? I' m still new here so just trying to get it all straight in my mind.

Hmmm to be honest I'm not sure. I'm sure if it was manually reviewed sometime down the road it may seem that way since there's no appropriate tradeline available for it. Creditors don't seem to consider hard pulls to particular available credit lines (like there's no connect the dots). It's simply separate categories that get calculated. You have to consider that some hard pulls won't link to an account all the time (like shopping around for an auto loan or mortgage) so there's no real way to tell off the bat unless someone manually reviews and "assumes". But we all know what assuming does

Re: store clerk tricked into opening card

ccnewcc wrote:

panda21 wrote:

I need advice. I was recently shopping around for engagement rings, and went into a Zales. I was asked by a clerk there if they could run my credit to see what I was eligable for. I said sure but insisted that I did NOT want to open a card. Well, a few days later I get the new card in the mail. Can I have this voided due to the fact that the opening of the card was fraudulent? I do not want this to hurt my credit score, and it is very important that I can have credit available soon. It is just infuriating! Thanks for any help.

Wow that sucks. I don't know the answer to your question but it does look like it was already answered. I do want to say, however, that most retail people work on commission and/or get some sort of incentive if they can get people to app for store cards.

In any sales environment, the chance for less than honest sales ppl rises. If no means no, then just say no.

Yeah, and it's backfired because not only will I not be shopping at Zales, I definitely would never buy it from that woman. It can be hard out there for people (like me and a lot of young adults) to navigate their credit when you don't know much about it, plus you have people everywhere trying to use your lack of experience to con you out of your credit score just so they can make a commission. Is it so much to ask that people just be kind?!

Re: store clerk tricked into opening card

panda21 wrote:

ccnewcc wrote:

panda21 wrote:

I need advice. I was recently shopping around for engagement rings, and went into a Zales. I was asked by a clerk there if they could run my credit to see what I was eligable for.I said sure but insisted that I did NOT want to open a card. Well, a few days later I get the new card in the mail. Can I have this voided due to the fact that the opening of the card was fraudulent? I do not want this to hurt my credit score, and it is very important that I can have credit available soon. It is just infuriating! Thanks for any help.

Wow that sucks. I don't know the answer to your question but it does look like it was already answered. I do want to say, however, that most retail people work on commission and/or get some sort of incentive if they can get people to app for store cards.

In any sales environment, the chance for less than honest sales ppl rises. If no means no, then just say no.

Yeah, and it's backfired because not only will I not be shopping at Zales, I definitely would never buy it from that woman. It can be hard out there for people (like me and a lot of young adults) to navigate their credit when you don't know much about it, plus you have people everywhere trying to use your lack of experience to con you out of your credit score just so they can make a commission. Is it so much to ask that people just be kind?!

to be fair what you were asking was completely unreasonable and a strange question to ask, what you were offered would probably be the most fitting response besides going HUH? which is what i was doing while scratching my head. Besides everyone wants to make a sale, regardless there's NO way she could find out if you would qualify without pulling your score, and companies will NEVER soft hit you for a card unless you do the shopping cart trick with WFNNB or Comenity.

In the end you allowed her to run your credit, and insisted you did not want to open a card. In which you've recieved the option of NOT having it report. She did exactly what you requested. The fault is yours imho.

Re: store clerk tricked into opening card

panda21 wrote:

Well, I noticed that a paper that came with the card says that they can't begin sharing my information until 30 days has passed. Does that mean that I can cancel the card within those 30 days without penalty to my credit score?

I am sure that means sharing your information with affiliates and possibly marketing companies, not the credit bureaus. You can of course try, if you want to.

martinkk wrote:

I'm curious. If OP closes and inquiry stays then won't it look like he was denied credit to creditors pulling his credit later?

Lenders do not care if you are approved or not when they look at inquiries; they can not see if you were approved or not when looking at it either.

Re: store clerk tricked into opening card

The creditor will report your account as closed and it might hurt your score. I would say to keep it open or you might find useful. You already took the HP and your score might drop. Keep it open and it doesn't cost you.

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.